https://www.taxtmi.com/caselaws?id=81793 Waiver of pre-deposit in a penalty dispute over alleged contravention in importing second-hand machinery was considered on interim relief principles. The Tribunal found no strong prima facie case for complete waiver at that stage, but it took the apparent FOB value of the disputed consignment, added freight and insurance, and treated the effective value as about Rs. 3 lakhs for interim purposes. On that basis, it directed a limited deposit, granted waiver of the balance penalty, and stayed recovery pending disposal of the appeal. en-us Fri, 27 Mar 1992 00:00:00 +0530 Tue, 28 Jun 2011 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81793 Waiver of pre-deposit in a penalty dispute over alleged contravention in importing second-hand machinery was considered on interim relief principles. The Tribunal found no strong prima facie case for complete waiver at that stage, but it took the apparent FOB value of the disputed consignment, added freight and insurance, and treated the effective value as about Rs. 3 lakhs for interim purposes. On that basis, it directed a limited deposit, granted waiver of the balance penalty, and stayed recovery pending disposal of the appeal. Case-Laws Customs Fri, 27 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81793